BlackRock, Fidelity Management, and Big US Banks like Bank of America, Morgan Stanley, etc are buying crypto at such low levels. These banks are buying into MicroStrategy stock, with MSTR the largest holder of Bitcoin worth some $3+ billion in BTC and BlackRock is rumored going to file for a Bitcoin ETF application in partnership with Coinbase, Coinbase who is hated by SEC!. And Standard Chartered Bank has predicted Bitcoin to hit $100K in 2024. Source - ( BlackRock Close to Filing Bitcoin ETF: Source (coindesk.com) ) All of this is taking place while the SEC! attacks major exchanges like Binance and Coinbase and banks play down the legitimacy of Bitcoin to dismiss it as a phoney economy while simultaneously buying it in masse. and in Hongkong, Banking regulators are reportedly exerting pressure on banks such as HSBC, Standard Chartered, and Bank of China to engage with crypto clients. They are inviting exchanges to set up their base in Hongkong, lawmakers asked Coinbase to set up their despite ongoing legal action. Source -( HSBC, Standard Chartered face pressure from Hong Kong to take on crypto clients (moneycontrol.com) ) Are they all making fool out of Retail? [link] [comments] |
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